Samarina, Anna; Sturm, Jan-Egbert - In: Applied Economics Letters 21 (2014) 13, pp. 918-923
This article examines how the analysis of inflation targeting (IT) adoption is affected by allowing for a structural change after adoption, using panel probit models for 60 countries over the period 1985 to 2008. Our findings suggest that there is a structural change after IT adoption. Including...